Retirement Income

Stocks and Options

August 17th, 2008 at 8:43 pm

Aug08 Options Results

Here are the results for the options that I still had outstanding when the markets closed on Friday, 8/15/08.  I had four Put assignments and 22 Calls across multiple accounts that expired allowing me to keep all of the option premium.  The 22 Calls are summarized by stock across accounts resulting in 16 stocks being represented in the following list.  I will begin to sell Calls on these stocks starting tomorrow.

Stock Symbol Option Symbol Call/Put Bought / Sold Strike
 Price
Number of
Contracts
Result
AUY AUYHC Call Sold 15.00 10 Expired
BA BATM Put Sold 65.00 2 Assigned
BAC BACHG Call Sold 35.00 2 Expired
BP BPHM Call Sold 65.00 2 Expired
CCJ CCJHH Call Sold 40.00 2 Expired
DIVX QDWHB Call Sold 10.00 2 Expired
DSX DSXHG Call Sold 35.00 2 Expired
FNM NJWTJ Put Sold 10.00 4 Assigned
FRE FRETB Put Sold 10.00 2 Assigned
FRE FREHB Call Sold 10.00 2 Expired
GGC GGCHA Call Sold 5.00 11 Expired
GM GMHC Call Sold 15.00 12 Expired
GOL GOLHC Call Sold 15.00 2 Expired
LEH LYHHE Call Sold 25.00 2 Expired
MO MOHM Call Sold 22.00 2 Expired
PDS PDSTX Put Sold 22.50 2 Assigned
S SHB Call Sold 10.00 3 Expired
TIE TIEHC Call Sold 15.00 2 Expired
VCLK QCSHW Call Sold 17.50 2 Expired
YHOO YHQHE Call Sold 25.00 4 Expired

 

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June 27th, 2008 at 2:51 pm

ValueClick Inc (VCLK) Assigned Jan09 Puts, Sold Calls

This morning I was assigned 2 VCLK Jan09 30 Puts.  I then sold 2 VCLK Aug09 17.50 Calls for a net deposit of $110.50 in my taxable account.  My basis for VCLK is now 23.19 after accumulated option premiums.

VCLK does not pay dividends so is does not match my current investment objectives.  I will be looking to sell Covered Calls on VCLK until is called away at a price at or above my basis.  I sold the 17.50 Calls with the belief that it will not reach that price before August expiration.  My plan is to roll it out if necessary to continue to harvest the premium until the strike price is above my basis.

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January 4th, 2008 at 4:27 pm

Rolled out Mar08 ValueClick Inc – VCLK

Today I BTC 2 VCLK Mar08 30 puts and rolled out to 2 VCLK Jan09 30 puts for a net deposit into my taxable account of $160.98.  If I am put this stock my basis will be $23.74, net of premiums collected on the various puts.  This stock does not pay any dividends but it does have pretty good option premiums.  If it is put to me I will probably keep it and sell covered calls until it is called away.